American Outdoor Brands price target lowered to $10 from $12 at Roth MKM

Roth MKM lowered the firm’s price target on American Outdoor Brands to $10 from $12 and keeps a Buy rating on the shares. The company delivered “decent” Q2 results, with highlights that include positive growth across both the Traditional and E-commerce channels and a strong BFCM period for DTC brand, the analyst tells investors in a research note. Near-term industry “promotionality” and certain product costs will likely weigh on gross margins, but he firm “remains constructive” given the company’s healthy balance sheet, Roth adds.